Midland States BancorpMSBI -3.31%58 Return-on-Tangible-Equity is 13.83% as of Mar. 2026, which is 17% above its 10-year median of 11.86. GuruFocus rates MSBI with a GF Score™ of 58/100 and a GF Value™ of $19.09 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,523 Banks companies, Midland States Bancorp ranks worse than 76.49% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Midland States Bancorp's annualized net income for the quarter that ended in Mar. 2026 was $73.9 Mil. Midland States Bancorp's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $534.0 Mil. Therefore, Midland States Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.83%.
The historical rank and industry rank for Midland States Bancorp's Return-on-Tangible-Equity or its related term are showing as below:
MSBI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.54 Med: 11.86 Max: 20.32
Current: 6.53
During the past 13 years, Midland States Bancorp's highest Return-on-Tangible-Equity was 20.32%. The lowest was -23.54%. And the median was 11.86%.
MSBI's Return-on-Tangible-Equity is ranked worse than 76.49% of 1523
companies
in the Banks industry
Industry Median: 11.2
vs MSBI: 6.53
Midland States Bancorp (NAS:MSBI) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Midland States Bancorp Return-on-Tangible-Equity Related Terms
Midland States Bancorp Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Midland States Bancorp's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Midland States Bancorp Return-on-Tangible-Equity Chart
MSBI vs AMBZ, NPB, BHB: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, Midland States Bancorp's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Midland States Bancorp Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Midland States Bancorp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Midland States Bancorp's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.83% mean?
Midland States Bancorp (MSBI) has a Return-on-Tangible-Equity of 13.83% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Midland States Bancorp and its competitors. This is 17% above median its historical median of 11.86. According to the industry distribution chart, Midland States Bancorp ranks #1165 out of 1523 companies in the Banks industry, placing it in the top 76.5%.
Is Midland States Bancorp's Return-on-Tangible-Equity too high?
Midland States Bancorp's current Return-on-Tangible-Equity of 13.83% is 17% above median its 10-year median of 11.86. The Banks industry median Return-on-Tangible-Equity is 11.20. Midland States Bancorp's value of 13.83% is 23.5% above this industry median. Based on the distribution chart, Midland States Bancorp ranks #1165 out of 1523 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Midland States Bancorp has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Midland States Bancorp's Return-on-Tangible-Equity compare to AMBZ and NPB?
According to the Banks industry distribution chart, Midland States Bancorp ranks #1165 out of 1523 companies for Return-on-Tangible-Equity. This places Midland States Bancorp in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.20. Midland States Bancorp's value of 13.83% is 23.5% above this benchmark. While the company's 10-year median is 11.86 vs. the industry median of 11.20, Midland States Bancorp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.20, based on 1,523 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Midland States Bancorp's current Return-on-Tangible-Equity of 13.83% is 23.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Midland States Bancorp and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midland States Bancorp's current Return-on-Tangible-Equity is 13.83%, which is 17% above median its own 10-year median of 11.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midland States Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Midland States Bancorp (MSBI) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.09, compared to a current price of $30.35 — trading 59% above its estimated fair value. The current Return-on-Tangible-Equity is 13.83%, which is 17% above median its 10-year median of 11.86 and 23.5% above the Banks industry median of 11.20. Midland States Bancorp's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Midland States Bancorp (MSBI), the current Return-on-Tangible-Equity is 13.83% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Midland States Bancorp (MSBI) Overvalued in 2026?
Based on GuruFocus' analysis, Midland States Bancorp stock appears to be overvalued.
The current stock price of $30.35 is trading 59% above its estimated GF Value™ of $19.09.
GuruFocus considers Midland States Bancorp to be Significantly Overvalued.
Key valuation signals for MSBI:
Return-on-Tangible-Equity: 13.83% (17% above median its 10-year median of 11.86)
GF Value™: $19.09 vs. price of $30.35 (59% above fair value)
Industry Position: 23.5% above the Banks median (#1165 of 1523)
No single metric tells the full story. See the MSBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment, which generates the majority of the revenue, provides financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products; commercial equipment financing, etc. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Corporate segment includes the holding company's financing and investment activities, administrative expenses.
58GF Score
Get the complete analysis for MSBI
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MSBI has been successfully added to your 
